Answer:
The correct answer is B
Explanation:
Purchase is the term which is defined as the bought or purchase of raw material that is necessary or required for the business in order to create or manufacture goods or services. So, that the product could be presented into the market for sale and the business could make profit from the sale of product.
So, the statement is false as the acquisition of material is charged to the purchase account.
Answer:
The journal entry is shown below:
Explanation:
According to the scenario, the journal entries for the given data are as follows:
Petty cash A/c Dr $236
To Cash A/c $236
(Being establishment of the fund is recorded )
Office supplies A/c Dr $94
Misc. Expense A/c Dr $89
Cash Over / Short Dr $22 ( $236 - $31 - $89 - $94)
To Cash A/c $205 ( $236 - $31)
(Being Reimbursement of the fund is recorded)
People are demanding more apartments than sellers are willing to offer. This means that there is a shortage of apartments.
When the central bank decides it will sell bonds using open market operations b. the money supply decreases.
<h3>What is
open market operations?</h3>
Open market operations involves the purchase as well as sale of securities which help the Federal Reserve when they want to implement monetary policy.
In this case, When the central bank decides it will sell bonds using open market operations b. the money supply decreases.
Learn more about bonds at:
brainly.com/question/25596583
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